Jabre Joins List of Hedge Fund Veterans Quitting a Brutal Market

(Bloomberg) Philippe Jabre is returning money to investors after an “especially challenging” year, adding to the swelling list of hedge-fund veterans giving up on an industry where money-making opportunities have dwindled. Geneva-based Jabre Capital Partners SA is selling positions in a “disciplined manner” and intends to return most of the proceeds by February, founder and chief investment officer Jabre wrote in an investor newsletter dated Dec. 12 and obtained by Bloomberg News.